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Nov 4, 2014
11/14
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deficit shrinking to the lowest level -- the budget deficit. not the trade deficit. in nobodyce 2008 seems to be really hearing this news. opening markets have rallied despite all this news on the budget deficit -- or the deficits ranking. treasuries have not responded either. is there nothing that will get investors juiced about what is going on in government? i want to bring in the investment strategist at bessemer trust. -- that is been happening last several years, why isn't that affecting the markets? >> this has been happening for quite some time. not too long ago, the deficit of u.s. was roughly 10% of gdp. five years ago and now we were up 2.8%. . we have seen the deficit in them year after year and that belt-tightening has had a negative impact on economic growth. given where we are at these current levels, i think it is reasonable to assume that you may start to see that deficit rise over the next couple of years. hasn't this shrunk because of economic growth? >> you've had some economic growth but also belt-tightening. there have been painful battles in wa
deficit shrinking to the lowest level -- the budget deficit. not the trade deficit. in nobodyce 2008 seems to be really hearing this news. opening markets have rallied despite all this news on the budget deficit -- or the deficits ranking. treasuries have not responded either. is there nothing that will get investors juiced about what is going on in government? i want to bring in the investment strategist at bessemer trust. -- that is been happening last several years, why isn't that affecting...
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Jan 23, 2014
01/14
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we have had a misbegotten focus on the budget deficit, which is only one concept of the deficit and only one part of our moral obligation to our children and their children. >> what you are asking for a whenral shift in americans the government is not necessarily doing that. when i look at the fed, almost shivering at the unemployment rate -- almost cheering at the unintended rate and ignoring rate,rticipation shouldn't we look at all the people who have dropped out of the labor force? >> look, i think it is hard to know where the jewel of this economy is, and there is a lot of work -- where the potential of the economy is and there is a lot of work disentangling all the statistics. here is what is certain, the fraction of the adult population that is working has improved only barely since the summer of 2009. marginally. we have millions of people who we always assume would be working right now and who aren't . that is a terrible loss, and it has to be a huge priority to establish enough growth to get them working again. that is what the focus ought to be. there is no one owner in our sy
we have had a misbegotten focus on the budget deficit, which is only one concept of the deficit and only one part of our moral obligation to our children and their children. >> what you are asking for a whenral shift in americans the government is not necessarily doing that. when i look at the fed, almost shivering at the unemployment rate -- almost cheering at the unintended rate and ignoring rate,rticipation shouldn't we look at all the people who have dropped out of the labor force?...
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Mar 10, 2014
03/14
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and i believe we got to use some money generated there for deficit reduction. the problem i am worried about is interest rates. right now we are no -- we owe $17 trillion. interest rate goes up one point, $170 billion out the door for nothing. we are at abnormally low interest rates. in a dream world of two percent interest rates. >> hiking interest rates -- >> and the market hiking interest rates. i think interest rates are going to have to go back up and if they go back up to historical levels of hyper sent were six percent -- five percent or six percent all the money will go to interest and we will not be able to spend on defense or pell grants or national parks. it is going to be a catastrophe. and this is where i differ from my democratic friends -- we got to focus on this problem and really do something about deficit reduction. spending, iatory think, has to be part of the discussion. but everybody has got to come to the table. >> do your eyes glaze over when you talk -- do their eyes glaze over when you talk about deficit reduction now? >> they do but i
and i believe we got to use some money generated there for deficit reduction. the problem i am worried about is interest rates. right now we are no -- we owe $17 trillion. interest rate goes up one point, $170 billion out the door for nothing. we are at abnormally low interest rates. in a dream world of two percent interest rates. >> hiking interest rates -- >> and the market hiking interest rates. i think interest rates are going to have to go back up and if they go back up to...
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Feb 7, 2014
02/14
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is affordable care act bringing down the deficit, and the affordable care act allows people to have more choice, so they can get out of this job lock situation that the heritage foundation 10 years ago says was that -- 10 years ago said was terrible for america. they no longer have to put that sign in front of them that says will work for all health care, but can spend 20 hours a week with their children. that is what progressives wanted. >> are you saying that number of 2 million jobs that the cbo came up with, the equivalent number of hours that are not going to be worked is equivalent to 2 million jones-drew are using jobs thatis wrong -- are not going to be worked is wrong? >> no. right now and 2014 it is creating jobs. that is point number one. it is resulting in full-time jobs. in the long-term it creates this choice for people because they're not in that no board that says will work for health care. they now have choice to go into the exchange. >> they might put in less hours because they now have the problem of federal subsidies to get full-time health care. withey can spend time
is affordable care act bringing down the deficit, and the affordable care act allows people to have more choice, so they can get out of this job lock situation that the heritage foundation 10 years ago says was that -- 10 years ago said was terrible for america. they no longer have to put that sign in front of them that says will work for all health care, but can spend 20 hours a week with their children. that is what progressives wanted. >> are you saying that number of 2 million jobs...
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Dec 1, 2014
12/14
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is uncertainty about japan's plans to increase growth and cut the deficit. the economy make the focus of his campaign. had aent barack obama series of meetings about the unrest in ferguson, missouri. black friday fizzled with consumers. consumers did not spend as much as a year ago. this is according to the national retail federation. shoppers were confident enough to skip the initial rush for lower prices. we have breaking news right now. researchers have just released a report stating that hackers with wall street expertise have stolen mergers and acquisitions data from more than 80 companies over the last year. olivia sterns has more. says that areport group of hackers with market expertise have stolen information from more than 80 public companies, more than 100 companies in total were targeted. they appear to have wall street expertise and were specifically working -- looking for market moving information, correspondence, sec forms. alleged to be americans who worked on wall street. what they did with the information is not yet clear. that they likely t
is uncertainty about japan's plans to increase growth and cut the deficit. the economy make the focus of his campaign. had aent barack obama series of meetings about the unrest in ferguson, missouri. black friday fizzled with consumers. consumers did not spend as much as a year ago. this is according to the national retail federation. shoppers were confident enough to skip the initial rush for lower prices. we have breaking news right now. researchers have just released a report stating that...
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Sep 4, 2014
09/14
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data,ms of other economic we have trade balance numbers, where the trade deficit in the billionrowed to 40.5 dollars. in terms of market reaction, not much movement. futures took a dip lower and are moving higher right now with the nasdaq futures in particular going up 3/10 of 1% right now. >> thank you. in the meantime, we are keeping our tabs on the european central bank. mario draghi is speaking right now in frankfurt. the bank surprised the markets andutting interest rates also mentioned the economic outlook is darkening in europe. let's listen. new purchase program. under theses programs will start in over of 2013. the details modalities of these programs will be announced after on governing council meeting october 2, 2014. the newly decided measures, together with the targeted long-term refinancing operations, which could be conducted into the lease, will have a sizable impact on our balance sheet. this led to the monitoring policy measures range taken over recent months. they will support our forward guidance on key ecb interest rates and reflect the fact there are significant
data,ms of other economic we have trade balance numbers, where the trade deficit in the billionrowed to 40.5 dollars. in terms of market reaction, not much movement. futures took a dip lower and are moving higher right now with the nasdaq futures in particular going up 3/10 of 1% right now. >> thank you. in the meantime, we are keeping our tabs on the european central bank. mario draghi is speaking right now in frankfurt. the bank surprised the markets andutting interest rates also...
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Jan 7, 2014
01/14
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the trade deficit for the month 34.3vember shrinks to billion dollars. this is significant. it was expected to be $40 billion. the gdp will probably be much higher than people had earlier forecast. it is all because of oil. we are importing less of it. it will cap is the lowest since may 2009. exports were up almost one percent and imports were up as sign ofso a strengthening the economy. >> the fact we are becoming more self reliant on oil. this is the whole manufacturing renaissance. how many people come on the show talking about the fact that we have got oil and can produce stuff more cheaply because of it. >> oil and natural gas, with the cold weather. a little bit off. >> we need to take a break. before that, i need to bring us to aim -- a moment. night,ng event last things got awkward. the transformers director superstar, michael bay was supposed to have a scripted conversation but guess what happened. when the teleprompter failed, he walked. .e fled off the state we will head back to vegas but we will talk about this for a moment. this guy brought us "transformers" an
the trade deficit for the month 34.3vember shrinks to billion dollars. this is significant. it was expected to be $40 billion. the gdp will probably be much higher than people had earlier forecast. it is all because of oil. we are importing less of it. it will cap is the lowest since may 2009. exports were up almost one percent and imports were up as sign ofso a strengthening the economy. >> the fact we are becoming more self reliant on oil. this is the whole manufacturing renaissance....
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Oct 10, 2014
10/14
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and we have essentially monetary qualities that are financing the deficits. and i think the principle problem that the current policymakers don't recognize is the fact that the larger the government is, the less growth there will be, the less dynamic the economy will be. >> marc, let me ask you a question about that, because that raises a really interesting issue. you and i know each other from various conferences we've attended together. >> yes. yes. nice to speak to you. >> yes. all the things you've mentioned, europe being weak. china slowing down. those things have all been pretty well known for quite a while. so the question i have for you is, why wednesday and thursday and tugse this -- tuesday this week? couldn't this have happened anytime in the past year? in fact in the u.s. it's been like something like -- all these days. why now as opposed to anytime in the past year? >> that is a question i'm very sorry i cannot answer. i couldn't answer why the nasdaq peaked out on march 21st 2000, and not six months earl yore or six months later. these things yo
and we have essentially monetary qualities that are financing the deficits. and i think the principle problem that the current policymakers don't recognize is the fact that the larger the government is, the less growth there will be, the less dynamic the economy will be. >> marc, let me ask you a question about that, because that raises a really interesting issue. you and i know each other from various conferences we've attended together. >> yes. yes. nice to speak to you. >>...
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Sep 5, 2014
09/14
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the nation's trade deficit is smaller than expected in july and june and may. that should push second-quarter growth well over 4% and keep this quarter over 3%. it appears we did get that fairly strong snapback from the winner contraction. -- the winter contraction. adp is over 2000. over 200,000. we are looking for 230,000 jobs today. the whisper number is higher than that. >> what does it mean for the fed? if we get that, will that push interest rates higher? >> probably not. not on those headlines. you have to look beyond the headlines to another number that janet has put front and center. are you getting a raise? that's what it comes down to. the fed still thinks there is a lot of slack in the labor market. look how long it has been since average hourly earnings went up. we are not expecting a lot of evidence on that front today. ust 1/10 or 2/10 of a percent -- of 1%. >> what if we get a surprise? >> market rates will not jump a lot, but the merrill lynch move index -- get some wage growth. that will heighten the drama around janet yellen's news conference
the nation's trade deficit is smaller than expected in july and june and may. that should push second-quarter growth well over 4% and keep this quarter over 3%. it appears we did get that fairly strong snapback from the winner contraction. -- the winter contraction. adp is over 2000. over 200,000. we are looking for 230,000 jobs today. the whisper number is higher than that. >> what does it mean for the fed? if we get that, will that push interest rates higher? >> probably not. not...
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Feb 28, 2014
02/14
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help drop the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind -- one of the things to bear in mind is that the ukraine is split between the east and west. many people in the west are pro-europe and those in the east are more pro-russia. i think we will have to wait to see what happens with the new government and whether they can forge a national unity before we can start talking about what this will mean for europe. >> thank you very much for joining us and we will continue checking in throughout the day. x and the senior fellow at the peterson institute in washington, d.c. you are looking at
help drop the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind...
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Jul 31, 2014
07/14
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the deficit is at its lowest level in years. to beis probably going more good news on that front over the medium term, just because the economy is strengthening, revenues are strengthening. probably a little surprised to the upside. i wouldn't say over the short-term we don't have the resources to increase the defense budget if we need to. he is right in the long-term sense. that problem we've all talked so much about, the long-term mismatch in terms of revenues and expenditures, especially driven by entitlement has not been cured. over the medium term, i don't agree. i have tremendous respect for alan. if we had to increase our defense budget by $100 billion, for example -- >> where would that come from? >> if we had a crisis, congress would promptly authorize it. the recent circumstances under which we would need to do that would be a crisis. if there is a sufficient crisis, congress would move ahead with that. it is the defense equivalent of tarp. when we had to do it, we did. if we had a really serious crisis, there would be
the deficit is at its lowest level in years. to beis probably going more good news on that front over the medium term, just because the economy is strengthening, revenues are strengthening. probably a little surprised to the upside. i wouldn't say over the short-term we don't have the resources to increase the defense budget if we need to. he is right in the long-term sense. that problem we've all talked so much about, the long-term mismatch in terms of revenues and expenditures, especially...
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Aug 27, 2014
08/14
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cool.is >> "market makers" is next. ♪ >> incredibly shrinking deficit. will it change the budget debate in washington? we will be asking former senator kent conrad. >> denim is losing market workoutb skill pants. going online to find the perfect mate. good morning, it is wednesday here in new york city. you're watching "market makers." >>
cool.is >> "market makers" is next. ♪ >> incredibly shrinking deficit. will it change the budget debate in washington? we will be asking former senator kent conrad. >> denim is losing market workoutb skill pants. going online to find the perfect mate. good morning, it is wednesday here in new york city. you're watching "market makers." >>
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Mar 20, 2014
03/14
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plug ourld actually deficit by selling our clothes? >> certainly. >> you have some fun investors in your company. rachel zoeher and are investors. >> she is not only a stylus, she's an amazing entrepreneur. we have a fashion festival last year and she had an inspirational video. when you think of a woman selling from a closet, does not start with swapping. they have moved on to starting from their closets and have moved on to starting their own shops. >> it makes you think about your business extensions. what is next? one direction is when you look at physical boutiques and poshamrt, we have 350,000 closets open for business which is the number -- more than the number of physical boutiques in america. we want to integrate physical boutiques into our platform so they have a channel to sell beyond what they can locally and the second channel is international expansion. we want to go to different countries. the one thing that strikes me is how do i know that what i am getting is what i actually see on that app? how do you guarantee it is
plug ourld actually deficit by selling our clothes? >> certainly. >> you have some fun investors in your company. rachel zoeher and are investors. >> she is not only a stylus, she's an amazing entrepreneur. we have a fashion festival last year and she had an inspirational video. when you think of a woman selling from a closet, does not start with swapping. they have moved on to starting from their closets and have moved on to starting their own shops. >> it makes you...
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Dec 5, 2014
12/14
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no one wants increased deficits, they want spending that is smart that go to our important national defense programs. the sequestration policy thisced by -- pursued by president has affected not only morality, but the readiness of our military. >> on a final note, your new role at nato, which is a very powerful and expansive role. tell me about what will be first on your agenda working with other parliaments around the world. >> nato is our strongest ally to all right -- relationship and they have joined us with isis, afghanistan, and certainly the issue of the ukraine. we had a meeting recently and the voices were unified -- the voices were increased military spending -- all of the countries were calling for it. reinvest back into the military, cuts have gone too far. aggressorrussia is an state. we can no longer pursue the false narrative that they can be an ally and friend and that they are now a force that threatens europe, and understand that isis must be destroyed and stop or the middle east will be destabilized. you, andersonk mike turner, in the studio with us. much more ahead. what
no one wants increased deficits, they want spending that is smart that go to our important national defense programs. the sequestration policy thisced by -- pursued by president has affected not only morality, but the readiness of our military. >> on a final note, your new role at nato, which is a very powerful and expansive role. tell me about what will be first on your agenda working with other parliaments around the world. >> nato is our strongest ally to all right --...
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Dec 17, 2014
12/14
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we have a huge infrastructure deficit. their other labor skills and unskilled labor jobs available. we need to start getting back to, say, the technical schools that were around the country in urban areas, say, ndc and new york, were you taught high schoolers technical skill so with a graduated, they would be employable. >> things they could come away with and get a job with. d regret not finishing college? >> in some regards, i do. but i spent my last two years on capitol hill. i was a page and in turn and a staff aide in the house of representatives. i went to school from 6:00 in the morning until 10:30, then worked all day. then did my scholastic activities like basketball and just after school. i had a busy schedule. i was in congress were laws were made. when i went to college, was going to be a doctor. once i decided not to go into medicine, then i realized it wasn't the place for me. >> what happened? what was that moment? that is a big moment for any young person to say, you know what? i'm going to leave and start my own business, do something different. had a high concentra
we have a huge infrastructure deficit. their other labor skills and unskilled labor jobs available. we need to start getting back to, say, the technical schools that were around the country in urban areas, say, ndc and new york, were you taught high schoolers technical skill so with a graduated, they would be employable. >> things they could come away with and get a job with. d regret not finishing college? >> in some regards, i do. but i spent my last two years on capitol hill. i...
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Nov 26, 2014
11/14
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the saudi's ran years of budget deficits and lost control of the market for a little while. they probably look back at that experience and feel burned by it of it. they know that cutting by themselves, they don't necessarily have the ability to bring the price up by itself. that is why they seem to want a commitment from other members. >> they obviously have trouble keeping patrol. >> especially lately opec has not held together very well. they have been exceeding the quotas. they are walking a tight line here. cut andannounce a small may not be enough to bring it back up and if they announce a big cut the market will not see it as credible. >> thank you so much for joining us there, isaac. we are on the markets again in 30 minutes. "market makers" is next. ♪ ♪ makers," withrket erik schatzker and stephanie ruhle. >> holiday from hell? travel thanksgiving plans involve an airplane and the east coast? bring a book. the storm is going to cause some lengthy delays. >> raining on my parade. the second time the obama administration will try to impose new limits on smog produc
the saudi's ran years of budget deficits and lost control of the market for a little while. they probably look back at that experience and feel burned by it of it. they know that cutting by themselves, they don't necessarily have the ability to bring the price up by itself. that is why they seem to want a commitment from other members. >> they obviously have trouble keeping patrol. >> especially lately opec has not held together very well. they have been exceeding the quotas. they...
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Sep 16, 2014
09/14
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they are talking about lowering the national deficit, lowering borrowing costs. wonder there is a real threat. >> that is inspiring others? >> the big concern is that there is going to be a domino effect. catalonia said they would be more business friendly. there is a reason that all of these movements have been simmering for centuries and they are now boiling up. has spiked up in response to globalization. thisn europe, there is issue that now that they have over umbrella of supranational identity, it is a bit redundant to have a national identity. they also want to be taking their cues from madrid. really has been invigorated as a response to the debt crisis. all of these regions are furious that the central governments are responding to austerity and the way they are. they feel like they punch above their weight and should not be subjected to the same kind of cuts. >> what is the likelihood that the regions could break away? let's start with catalonia. it is probably the most likely. none of these are very likely. catalonia is the most organized. they had abou
they are talking about lowering the national deficit, lowering borrowing costs. wonder there is a real threat. >> that is inspiring others? >> the big concern is that there is going to be a domino effect. catalonia said they would be more business friendly. there is a reason that all of these movements have been simmering for centuries and they are now boiling up. has spiked up in response to globalization. thisn europe, there is issue that now that they have over umbrella of...
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Oct 2, 2014
10/14
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backave the french kicking the deficit target. providing enough incentives for italy and spain to carry on with reform. we just have not seen any much evidence in the last 12-18 months. for the ecb and the germans to really support more stimulus without any signs of reforms, that it's very difficult. theset a pleasure to get energies so early in the morning. reminder, you can watch mario draghi's news conference online. but we will of course bring you all the headlines as they roll across the ticker. ebola after the cdc confirmed the first case of the deadly virus in the u.s. companies also boasting about a 3% decline on an index. here with me is the president and ceo of one of the top luxury hotel brands in the world and two properties underway in north africa. he also serves on the committee of world travel and tourism council. i want to ask you what you think about this. to be panicked about the ebola situation? >> it is absolutely wrong to be panicked. it is important to be well informed and understand that as bad as this is,
backave the french kicking the deficit target. providing enough incentives for italy and spain to carry on with reform. we just have not seen any much evidence in the last 12-18 months. for the ecb and the germans to really support more stimulus without any signs of reforms, that it's very difficult. theset a pleasure to get energies so early in the morning. reminder, you can watch mario draghi's news conference online. but we will of course bring you all the headlines as they roll across the...
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Oct 7, 2014
10/14
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going on between germany's austerity approach and mariota draghi's approach adams france wants to run a deficit. you will see the eurozone break from monetary and fiscal policy not that the euro will break but the different countries are going to have to protect what they need to do. you have had china slowing down. >> do you think we got blinders on? >> i think the u.s. is by far in the best shape. the rest of the world is struggling right now. in the last month, i have been in poland, turkey, germany, central america, and france and was recently in africa. andyone needs exports public/private partnerships and foreign investments per it is difficult around the globe. the u.s. feels restrung. christmas looks like it could come early for retailers. the national retail federation is making its 2014 holiday forecast. julie hyman has more on their outlook. it looks like we might be spending? >> they are looking at a 4.1% gain for november and december. that is above what we saw last year when the rate was 3.1% and it is above the 10 year average of 2.9%. the jobless rate go down to some extent but
going on between germany's austerity approach and mariota draghi's approach adams france wants to run a deficit. you will see the eurozone break from monetary and fiscal policy not that the euro will break but the different countries are going to have to protect what they need to do. you have had china slowing down. >> do you think we got blinders on? >> i think the u.s. is by far in the best shape. the rest of the world is struggling right now. in the last month, i have been in...
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Jan 21, 2014
01/14
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everybody sees huge deficits that will face us as far as the eye can see. this will have a real costs on the economy at large. -- bloombergup global poll, there are reasons people have given more for being a little pessimistic about the economy. what were they echo >> it is interesting what was selected. the top of that list is the slowing economy in china. it seems the biggest threat to the rosy outlook in the broader poll. it fed has mentioned as well is number three on the list. the fed's tapering of bond purchases, 14% say that was the biggest threat to the global outlook knowing forward. not the the radar but concern out there that others had anticipated. >> let me add one other thing. look at the way people are being paid in america today. the percentage of people working who are making relatively lower amounts of income, that part is growing. itis true at the very top, is growing. middle-class jobs in america are the ones that have been evaporating slowly. lower income jobs that of increase and the very wealthy. that, to my mind, is not enough for a
everybody sees huge deficits that will face us as far as the eye can see. this will have a real costs on the economy at large. -- bloombergup global poll, there are reasons people have given more for being a little pessimistic about the economy. what were they echo >> it is interesting what was selected. the top of that list is the slowing economy in china. it seems the biggest threat to the rosy outlook in the broader poll. it fed has mentioned as well is number three on the list. the...
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Mar 5, 2014
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those two things and some others have resulted in the deficit coming down considerably. it is projected at 3.1% of gdp. it is way down. it was over 9%. we should step back and recognize that is good progress. you could debate who is responsible, but it is good progress. second, some of the initiatives, let's just take infrastructure, are so vitally needed. both sides agree, it is just how to pay for it. it is not going anywhere. senator johnson is right. it is an election year. this budget will just sit there and not be acted on. >> senator, you are saying it does not address the big issues, which you mentioned, entitlement spending. there were no big numbers around cutting social security or any of those benefits. as i go back to that same anytion though, was there area, though, that you felt there could be some agreement on ? >> nobody is proposing cutting anything. we are trying to limit the rate of growth to the point where we do not extend that to the point where he had a debt crisis. the reason debt is coming down is because we have increased revenue by more than $
those two things and some others have resulted in the deficit coming down considerably. it is projected at 3.1% of gdp. it is way down. it was over 9%. we should step back and recognize that is good progress. you could debate who is responsible, but it is good progress. second, some of the initiatives, let's just take infrastructure, are so vitally needed. both sides agree, it is just how to pay for it. it is not going anywhere. senator johnson is right. it is an election year. this budget will...
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Dec 15, 2014
12/14
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across asiahink petroleum deficits are the way the united states used to be, in the neighborhood of five percent gdp. look at japan, china, india, all of these large and small will drop huge income boosts and benefits across the economy. we have had a tremendous amount of investment in our energy sector. >> are we going to see double-digit returns in the u.s.? >> we are looking for a 9% global return. the u.s. can produce something with our% return markets at a steady valuation. it is an important part of returns. into thise are late recovery cycle in the financial markets. more than halfway through a global economic recovery. this is not a below point. >> i want to show you the chart tom keene got me. tom keene gets out of bed for an oil chart. the question is are you concerned this is going to translate into contagion in the large -- contagion in the broader market? >> it is all back to bed. >> you have to look at this as the dividing line of performance. for consumers this is not the largest part of your budget. it's not likely to be that sort of contagion. we could have sovereign def
across asiahink petroleum deficits are the way the united states used to be, in the neighborhood of five percent gdp. look at japan, china, india, all of these large and small will drop huge income boosts and benefits across the economy. we have had a tremendous amount of investment in our energy sector. >> are we going to see double-digit returns in the u.s.? >> we are looking for a 9% global return. the u.s. can produce something with our% return markets at a steady valuation. it...
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May 13, 2014
05/14
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we have had no deleveraging in the past five years, and the aggregate has a lot of deficits. policymakers will recognize that, and keep rates lower. >> let's bring in the managing director at equity portfolio managers for jpmorgan. i think you have a little bit more of an optimistic outlook? >> i would say compared to the new normal and the new neutral, it sounds like things are getting better. it sounds like the major economy is accelerating a little bit. we are excel rating in touch into next year -- accelerating a touch into next year. a positiveng for cycle in the united states, seeing better jobs leading to better consumer behavior. leading to the cycle building on itself. >> but we get the interest rates low for quite some time? whatthink if you listen to the fed has said, they're talking about a normalization policy in the future, but for the time they are continuing to talk about that we recognize the issues we are facing. like isector that you the financials. howia has been looking at banks have performed. >> we were talking about how banks might be too big to fail,
we have had no deleveraging in the past five years, and the aggregate has a lot of deficits. policymakers will recognize that, and keep rates lower. >> let's bring in the managing director at equity portfolio managers for jpmorgan. i think you have a little bit more of an optimistic outlook? >> i would say compared to the new normal and the new neutral, it sounds like things are getting better. it sounds like the major economy is accelerating a little bit. we are excel rating in...
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May 29, 2014
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some say the new fiscal stimulus is unlikely because deficit is still in the danger zone according to some rating agencies. will not rulearty the upper house, so the real question being how much change can he really implement, betty? >> is there too much uncertainty there, brian? >> i think we are given a slight resolution of some of the uncertainty that already existed, so this makes for a more conducive environment for investors to look for opportunity. given the landslide election that he had, i would be very surprised if he was unable to push through some sort of a ambitious agenda. he will not have much of a fiscal stimulus because he is about cutting the spending, but it will be very targeted, so i am actually a little but optimistic about the prospects for significant reform over the next year or so. if you look at indian stock, they are not at their all-time highs miami stretch of the imagination, so that should be pretty positive for long-term investors in that area. writes brian, thank you so much. brian jacobsen, chief portfolio strategist at wells fargo fund management. st
some say the new fiscal stimulus is unlikely because deficit is still in the danger zone according to some rating agencies. will not rulearty the upper house, so the real question being how much change can he really implement, betty? >> is there too much uncertainty there, brian? >> i think we are given a slight resolution of some of the uncertainty that already existed, so this makes for a more conducive environment for investors to look for opportunity. given the landslide...
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Jun 4, 2014
06/14
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founder of omaze we are getting breaking news -- and whining of what we saw last month for the trade deficit, revised 242 billion dollars. $42 billion. we are buying more, another sign the economy might be continuing to recover. the former head of equities at pimco, neel kashkari, and won --won the california by mary pat what is next? we will hear from his political advisor. plus, the discovery of a planet -- what will mega earth mean fore plays -- four space -- exploration? stay "in the loop." ♪ neel kashkari, the former treasury official and pimco executive defeated a tea party favorite in the california governor's race and he will face jerry brown in the general election. his success in the statewide primary is seen as critical to the republican party. join us with more is a bloomberg review columnist lanhee chen, an adviser to neel kashkari, and also former advisor to mitt romney. in full disclosure, you are working with neel kashkari. did you see his way and as a referendum on the tea party for republicans? betty. morning, i thought it was an important win. we were facing a situation
founder of omaze we are getting breaking news -- and whining of what we saw last month for the trade deficit, revised 242 billion dollars. $42 billion. we are buying more, another sign the economy might be continuing to recover. the former head of equities at pimco, neel kashkari, and won --won the california by mary pat what is next? we will hear from his political advisor. plus, the discovery of a planet -- what will mega earth mean fore plays -- four space -- exploration? stay "in the...
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Oct 23, 2014
10/14
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we had an unrestricted supply of wage -- labor because of women entering the workforce and trade deficits and we had a large increase in employment. timesployment grew two faster than germany and france and three times faster than japan and that created a lot of opportunity. it didn't translate as well into wages, a translated into unemployment when we needed a large increase in employment. stick about economic mobility and the chances of people getting ahead and then say there are people, we can name people who have made it to the top coming from the lowest -- it goes against all odds but it is the against all odds that is a problem. it is become increasingly difficult for people to climb the rungs. >> it is a hot button issue right now, whether this economy does make it more difficult for people to rise up through the ranks. mohammed, where is the evidence that it is happening that if you are born poor you will stay poor. >> the evidence is unambiguous on a couple things. the income gains in recent years have all gone to the rich and again's wealth have all gone to the rich. that is ind
we had an unrestricted supply of wage -- labor because of women entering the workforce and trade deficits and we had a large increase in employment. timesployment grew two faster than germany and france and three times faster than japan and that created a lot of opportunity. it didn't translate as well into wages, a translated into unemployment when we needed a large increase in employment. stick about economic mobility and the chances of people getting ahead and then say there are people, we...
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Oct 8, 2014
10/14
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the deficit we have in the country in terms of funding future retirement needs is huge. $10s estimated as high as trillion. classes part of the problem that the lower four are just not getting paid a real wage? >> it is. in fact, recent news, families today earn less on an adjusted basis, less than they did 15 years ago. that is the first time since the depression of that has been true. and there has also been increasing income gap. the middle-class is not making economic progress. >> problems with the savings rate and that is a huge problem for jcpenney. even mike will have a difficult time. thank you very much for that. to talkl stay with me more about his business as well. the former ceo will also weigh in on the interesting strategies. and will theyg it gain an edge over paypal? also, successfully merged crisler. so far, has been successful. he will sell shares of the new york stock exchange on monday. now calling for more consolidation in the auto industry. stay with us. ♪ >> you may be surprised which digital wallace consumers are familiar with. paypal, but amazon payments and
the deficit we have in the country in terms of funding future retirement needs is huge. $10s estimated as high as trillion. classes part of the problem that the lower four are just not getting paid a real wage? >> it is. in fact, recent news, families today earn less on an adjusted basis, less than they did 15 years ago. that is the first time since the depression of that has been true. and there has also been increasing income gap. the middle-class is not making economic progress....
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Oct 14, 2014
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and they are basically saying, no, no, we cannot have 3% limit on deficits, the gdp. we got to go in for looser control, more stimulus, and so forth. because our politicians and they worry about getting reelected. >> we have other warning signs, though. you put together a list of warning signs that investors have to pay attention to. you're talking about higher p/e slow growth, profit margin alliance, and tapering are some of the warning signs. >> yes, i cover that in a series of two columns. if you watch what is going on, how will this holding and? end?w will this holding given the sharpening, the deleveraging as i put it, it will probably take another four years or six to 10 years. the fed him i think it's on hold for a long time. of alternative is some kind shock. and that could be a blowup, and china could do something, the middle east. maybe this whole ebola thing. who knows? was worseve from what -- you like what that means you will be well informed, having been a fan -- and you move from what was worse -- >> that means you will be well informed. >> it is the sa
and they are basically saying, no, no, we cannot have 3% limit on deficits, the gdp. we got to go in for looser control, more stimulus, and so forth. because our politicians and they worry about getting reelected. >> we have other warning signs, though. you put together a list of warning signs that investors have to pay attention to. you're talking about higher p/e slow growth, profit margin alliance, and tapering are some of the warning signs. >> yes, i cover that in a series of...
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Dec 11, 2014
12/14
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reform, if it is on the wish list, it fort not be granted because americans, immigration, the fiscal deficit, health care reform, tax reform, it does not make it into the top five. >> that is your nickel and mine is different. in the framework, the notion of simple things, we have got to eliminate that very we have too many lobbyists with too much of the dynamics there. i do not know anyone who does not want to pay less who is working. >> thank you so much. great to see you this morning. >> absolutely. it is fantastic. the best 50 minutes you could spend this morning. >> all right. we will hear much more from the first peer to peer lending company to go public. a deal coming up in just a few moments. don't miss the interview. ♪ >> that does it for today on in the loop. tomorrow, we will take to the skies. a company had a good start to the week, but we will ask them about the impact of lower oil prices paired with the travels reach some of the awards in lower ticket prices? that is tomorrow at 8:00 pm right here. ♪ >> it is 56 past hour, which means bloomberg television is on the markets.
reform, if it is on the wish list, it fort not be granted because americans, immigration, the fiscal deficit, health care reform, tax reform, it does not make it into the top five. >> that is your nickel and mine is different. in the framework, the notion of simple things, we have got to eliminate that very we have too many lobbyists with too much of the dynamics there. i do not know anyone who does not want to pay less who is working. >> thank you so much. great to see you this...
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Aug 1, 2014
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it would help the economy and increase economic growth and create more jobs and reduce the deficit. who can be against that? >> it all sounds great on paper. when it gets to action, it turns into something like what we saw yesterday. the fact that the republicans could not come together to vote in this bill, to set mean that the president has more power to go it alone here? >> he has no choice. it is funny to hear him get criticized for using his executive authority when congress will not act. these tools are limited. he only has a limited amount of money. >> you certainly cannot do comprehensive immigration reform on his own. >> he will do what he can do. he is scrubbing every possible tool he has to try to come up with executive actions to address these problems. there is a limit to what he can do. >> is he making the situation worse by going it alone? let me play for you what john boehner said. >> the crisis on the border is one of the president's own making. he still has not learned his lesson. he has threatened to rewrite the law and take more unilateral let action in the comin
it would help the economy and increase economic growth and create more jobs and reduce the deficit. who can be against that? >> it all sounds great on paper. when it gets to action, it turns into something like what we saw yesterday. the fact that the republicans could not come together to vote in this bill, to set mean that the president has more power to go it alone here? >> he has no choice. it is funny to hear him get criticized for using his executive authority when congress...
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Jul 28, 2014
07/14
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a change from a big surplus to a destin -- to a deficit. a lot of producers have cut supply. side, you have the ford f1 50 that will take around 250-300,000 metric tons, which fits and about one month. >> tell us a little bit about why the cme decided to trade the futures contract and any specifics about the contract itself. >> certainly. the contract is interesting. and i buy aluminum actually want to take delivery, there are two parts of the charge. the parts that pay for aluminum, about $.88 per pound. to actually get that aluminum out of the warehouse and onto my truck, i have to pay a premium, a surcharge. the premium has said, this is not fair and what they're doing is they put the $.88 together with their charge, $.16, saving yourself about four cents per pound, and they have a new contract around this. they hope the buyers of aluminum will switch over to the contract. if they do, traders will go where there is liquidity and the contract will be a home run. it could be a really good time for them to come out with this contract. the newyou think of contract and do you w
a change from a big surplus to a destin -- to a deficit. a lot of producers have cut supply. side, you have the ford f1 50 that will take around 250-300,000 metric tons, which fits and about one month. >> tell us a little bit about why the cme decided to trade the futures contract and any specifics about the contract itself. >> certainly. the contract is interesting. and i buy aluminum actually want to take delivery, there are two parts of the charge. the parts that pay for...
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Nov 7, 2014
11/14
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he cbo score the bill as reducing the deficit. it seems to me to be working as intended. sure, the medical device tax was not the best way to raise additional revenue. i think there are some administrative it fixes that can take place, but the law seems to be helping americans as intended. >> congressman? the realou get out in world and talk to people, that is not what they see. a lot of folks who have obamacare plans, they see high , treatments that i thought would be covered. people are losing their hours and their jobs, folks having to take a second job. what they see is a disconnect in washington where we tell them that what is happening in their world is not real. that is why you saw the election results from a couple of days ago. on we need to do now is work the areas of the law that we can fix. this, what about the medical device tax? alan krueger says that there could be bipartisan compromise there. >> absolutely. i think you will see that, you may see the individual mandate away, the rationing part of the plan go away. we will see what happened beyond that. if th
he cbo score the bill as reducing the deficit. it seems to me to be working as intended. sure, the medical device tax was not the best way to raise additional revenue. i think there are some administrative it fixes that can take place, but the law seems to be helping americans as intended. >> congressman? the realou get out in world and talk to people, that is not what they see. a lot of folks who have obamacare plans, they see high , treatments that i thought would be covered. people are...
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Aug 28, 2014
08/14
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the biggest producer saying there will be a deficit. that is a factor in the run for aluminum. forhat is the projection airplane orders and aluminum? how much more demand or were seen? on thefocus again was increase in durable goods in the u.s. and on the backside today we had the increase of gdp. >> that certainly helps. let's talk about copper. what is going on? as the economy does better and we are seeing a pickup in orders , shouldn't that be good news for copper? >> it is the old joke about the metal with the economic phd. china has taken over the copper market. copper, it is especially dominant, five times more than the u.s.. china, the growth is slowing. it is not as optimistic. that is why you are seeing copper not following -- falling. the demand side. what about the supply side? >> kind of the story across the board. it has finally responded to the increases in demand from china over the past decade or so. as are looking at expansion prices begin to taper off. >> we talked to you about oil before. i want to bring it back in here. with all of the tensions in ukraine an
the biggest producer saying there will be a deficit. that is a factor in the run for aluminum. forhat is the projection airplane orders and aluminum? how much more demand or were seen? on thefocus again was increase in durable goods in the u.s. and on the backside today we had the increase of gdp. >> that certainly helps. let's talk about copper. what is going on? as the economy does better and we are seeing a pickup in orders , shouldn't that be good news for copper? >> it is the...
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Sep 10, 2014
09/14
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the french government has slashed its growth were cast and says the budget deficit will widen for the first time in five years. the finance minister has ruled out tax hikes, and france's tax burden is the highest in the euro zone. ukraine and russia have withdrawn more than two thirds of his trips. to support whether russian pro troubles in ukraine. in exclusive interview with bloomberg yesterday. jack lew dressed additional sanctions against russia. take are prepared to additional action. if russia withdraws its military being engagedops and recognizes ukrainian sovereignty, we will be delighted to roll back sanctions. >> president obama outlined his strategy tonight. for expanding airstrikes for the u.s. to attack the extremists inside syria. today.es it for be sure to tune in to bloomberg for special coverage of the president's is a dress at 9:00 p.m. eastern time. wall-to-wall coverage throughout the address. tomorrow, we will be joined by and gross on his total fund how it will take a beating. i will be joined for an exclusive interview. head of the american action form sounds of
the french government has slashed its growth were cast and says the budget deficit will widen for the first time in five years. the finance minister has ruled out tax hikes, and france's tax burden is the highest in the euro zone. ukraine and russia have withdrawn more than two thirds of his trips. to support whether russian pro troubles in ukraine. in exclusive interview with bloomberg yesterday. jack lew dressed additional sanctions against russia. take are prepared to additional action. if...
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Mar 4, 2014
03/14
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a small current account surplus which is likely to go into deficit as well. russia is ofat to course oil prices. the government spends about 25% of gdp and to keep the budget in balance, capital economics needs 100 $10rice of about per barrel. they are able to get that just barely but as american fracking increases the amount of supply in the world, their chances of getting that are going down. a rush road ahead -- rough road at thisr the economy point. >> if it is such a rough road and all the weakness, why is he risking this? pretend to want to tell you what he is thinking, but maybe it is short-term here. compared to where the u.s. is. russia has a large amount of foreign exchange reserves. they can pay their bills for now even as the current account goes negative. resident who may be gambling if this lasts a short time, they could get in and get out without any further consequences, it is worth the risk. >> thank you. mike mckee. ofturn to another region uncertainty. president obama met with netanyahu at the white house yesterday. closelyries that work in
a small current account surplus which is likely to go into deficit as well. russia is ofat to course oil prices. the government spends about 25% of gdp and to keep the budget in balance, capital economics needs 100 $10rice of about per barrel. they are able to get that just barely but as american fracking increases the amount of supply in the world, their chances of getting that are going down. a rush road ahead -- rough road at thisr the economy point. >> if it is such a rough road and...
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Nov 14, 2014
11/14
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merkel gets more pressure internally to cut the deficit and trim spending and not to get into quantitative easing than she does in any of the international fora where she is under pressure. merkel will be pressured at the g-20, like she is pressured every time she sets foot in brussels. merkel is not going to spend more. >> the g-20 is meeting in australia. a bloomberg poll showing that 38% of those surveyed say the world economy is deteriorating. concern about the euro area. tend to beetings more photo ops then getting anything done. any sign that we will see anything down on the european growth agenda? >> unlikely. you can always get surprised on some sort of agreement. there will be in eu leader summit later in september. most of them have been taken over by events in ukraine. every time there is an eu leader summit, you talk about ukraine. the next one might not be any different in december. there's going to be a foreign ministers meeting in brussels and they will talk about adding names to sanctions. if there will be an additional round to sanctions and angela merkel and francois holl
merkel gets more pressure internally to cut the deficit and trim spending and not to get into quantitative easing than she does in any of the international fora where she is under pressure. merkel will be pressured at the g-20, like she is pressured every time she sets foot in brussels. merkel is not going to spend more. >> the g-20 is meeting in australia. a bloomberg poll showing that 38% of those surveyed say the world economy is deteriorating. concern about the euro area. tend to...
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Aug 15, 2014
08/14
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it is that we're squeezing down on defense and on other things because of the significant fiscal deficits that are projected for future years, and i think that is a serious problem, which, unfortunately, i think, is not going to get tackled until after the presidential election. >> martin feldstein, stay with me for a moment. we'll have much more with you in a moment. harvard professor martin feldstein. it is one of the most unlikely corporate marriages of our time, cent and50 and -- 50 intel -- we will tell you what they are selling together. ♪ >> well, we are back with harvard university professor and former economic advisor to ronald reagan, martin feldstein, who wrote a must-read "wall street journal" op-ed on the fed and it raised a lot of conversations. and how -- "whether much markets are mispriced relative to fundamentals is always uncertain, but when markets have moved across the board is much as they now have, that should be a warning of accesses in the market." i would like to welcome another economist who read the piece as well, the director and cofounder of economic and pol
it is that we're squeezing down on defense and on other things because of the significant fiscal deficits that are projected for future years, and i think that is a serious problem, which, unfortunately, i think, is not going to get tackled until after the presidential election. >> martin feldstein, stay with me for a moment. we'll have much more with you in a moment. harvard professor martin feldstein. it is one of the most unlikely corporate marriages of our time, cent and50 and -- 50...
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Feb 6, 2014
02/14
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backdropll against the of the rising deficit. there is a mixed message there. >> what about the timeframe? >> the clock really is taking at people seem to not be focused on it. lew has said they have to deal with it by the last week of february. there was a recess in the middle of february. house members are on for nearly two weeks. they need to come up with some sort of plan by the end of this week, something they can vote on perhaps next week. time is running out on john boehner. republicans would not appreciate much at all a clean debt ceiling vote. >> an issue on the democrats side -- they want to extend unemployment benefits. has the type passed? -- tide past? >> harry reid astride one more time -- is trying one more time. they're going to do it by reducing the amount of money to pay into pensions. that is harry reid's proposal. it does not like -- look like he will get read -- support from republicans. >> thank you so much. coming up, twitter shares plunging after the company reported its first result is a public company. g
backdropll against the of the rising deficit. there is a mixed message there. >> what about the timeframe? >> the clock really is taking at people seem to not be focused on it. lew has said they have to deal with it by the last week of february. there was a recess in the middle of february. house members are on for nearly two weeks. they need to come up with some sort of plan by the end of this week, something they can vote on perhaps next week. time is running out on john boehner....
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Aug 13, 2014
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,t is just an accounting trick but it hurts our country's finances, it adds to the deficit, and it sticks you with the tab. ♪ >> back on israel, israel's iron dome defense system has protected most of the residents living in the country's border with gaza. willem marx looks at how the conflict is affecting companies that. -- there. >> around 3200 rockets have fired out of the gaza strip over the past five weeks with residents of southern israel often the intended target. mayiron dome defense system detect most people here, but the impact of the serial assault is still damaging to local business. >> it is not easy. you can see the parts. if it hits you, it could kill you. >> he is an israeli-american, a father of three, and lives in a near the gaza strip. he returned to the company's main plant where his colleagues have been struggling to fulfill the daily quilt quota. >> you do not work as quickly. you run to the bomb shelter five or six times a day. >> nobody wants to lead fulfilling orders, but one conflict consequence of his orders are falling. salesast month, companies dropped 30%.
,t is just an accounting trick but it hurts our country's finances, it adds to the deficit, and it sticks you with the tab. ♪ >> back on israel, israel's iron dome defense system has protected most of the residents living in the country's border with gaza. willem marx looks at how the conflict is affecting companies that. -- there. >> around 3200 rockets have fired out of the gaza strip over the past five weeks with residents of southern israel often the intended target. mayiron...
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Aug 25, 2014
08/14
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the education minister has called on him to focus less on deficit reduction and helping businesses and more on fueling demand by cutting taxes. he asked the prime minister to selected two cabinet that is coherent with his policies. france has had no growth in the last quarters and his approval ratings are the lowest ever for a french president. of all time. up, verizon is making a big investment in solar. we will hear from the companies chief sustainability officer. the sony playstation network is causing problems for more than just gamers. stay "in the loop" to find out what i mean. ♪ "in there watching loop," live on bloomberg television. as the cost of solar energy drops, companies are ramping up investments, including verizon, saying that they are investing $40 million this year. the move will make it one of the top 10 solar companies in the u.s. and number one in telecom. for more we are joined from new jersey by the verizon chief sustainability officer. jim, thank you for joining us. about your role at verizon. ones an interesting title, that i'm sure we will hear more and more
the education minister has called on him to focus less on deficit reduction and helping businesses and more on fueling demand by cutting taxes. he asked the prime minister to selected two cabinet that is coherent with his policies. france has had no growth in the last quarters and his approval ratings are the lowest ever for a french president. of all time. up, verizon is making a big investment in solar. we will hear from the companies chief sustainability officer. the sony playstation network...
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May 8, 2014
05/14
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if you look at our deficit, we have seen a steady reduction, we are pulling some of the supply often that is helping yields. at the end of the day, the largest buyer of treasuries every month was the fed. and preparing to step out and moved out of the markets entirely, that tells me interest rates are moving higher. aboutnot talking tightening monetary policy. yellen made it clear that we are in no immediate need to tighten policy but it is coming, whether it is six months or a year. rates have to go up. >> could it mean that rates or yields stay in a range for a while. >> is very possible that rates stay in a range. if i am a long-term investor looking beyond the next month or six months, i have got to believe rates will go higher from here, it does not make sense to have real yields the slope when you have on improving economic backdrop. >> there are certain sectors you like and do not like. we will focus on one of them weather has been a lot of m&a activity. telecom. dealmaking.down to at&t in talks to buy directv according to people familiar with the situation. sprint determined
if you look at our deficit, we have seen a steady reduction, we are pulling some of the supply often that is helping yields. at the end of the day, the largest buyer of treasuries every month was the fed. and preparing to step out and moved out of the markets entirely, that tells me interest rates are moving higher. aboutnot talking tightening monetary policy. yellen made it clear that we are in no immediate need to tighten policy but it is coming, whether it is six months or a year. rates have...
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Apr 28, 2014
04/14
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it will also help reduce the deficit. it will strengthen the border. it is long overdue. looking from your vantage point, you have a perspective on the economy. when you take a look at the -- rural economy. there is small business growth. residue, livestock waste, and turned it into materials and chemicals. i hold the business opportunity. -- a whole new business opportunity. we are putting together a rural business investment company that will allow the farm credit companies to allow -- invest. we have a conference where we will encourage more outside investment to look at business deals and infrastructure. need congress to act on infrastructure projects. in the meantime, we can encourage private sector to take a look at other infrastructure projects. it will help to revitalize and renew the rural economy. this is long overdue. we are excited about the farm bill. it can leverage resources from the federal government. >> where do we stand on the farm bill? the implementation stages beginning. this is where the real work begins. >> we are excited about applet -- actually i
it will also help reduce the deficit. it will strengthen the border. it is long overdue. looking from your vantage point, you have a perspective on the economy. when you take a look at the -- rural economy. there is small business growth. residue, livestock waste, and turned it into materials and chemicals. i hold the business opportunity. -- a whole new business opportunity. we are putting together a rural business investment company that will allow the farm credit companies to allow --...
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Sep 11, 2014
09/14
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side have a chart here of what having this easy money, this said easy money policy has done to the deficit and if we didn't have an place how much bigger it would have been. and of itself a cost benefit to the economy? i do think that we are seeing a big risk on interest rates in federal finance. the fed has made it much easier on this administration. adam think that something anyone should be happy about. we have a problem to fix and leading these large emphasis with take interest-rate risks is a fundamental financial threat. , did you seegears the new york times piece taking aim at think tanks like yours? piece, i't see the would characterize it as taking aim, i think it was an important thing for people to understand. from my perspective, running an organization, it is a reminder that you need to do things consistent with your core mission. those are the things that will be fun to you, but if you do things just out -- just for the money and do things outside your mission, you have a problem. research what their and investigation showed that there was this link to hard to ignore the betw
side have a chart here of what having this easy money, this said easy money policy has done to the deficit and if we didn't have an place how much bigger it would have been. and of itself a cost benefit to the economy? i do think that we are seeing a big risk on interest rates in federal finance. the fed has made it much easier on this administration. adam think that something anyone should be happy about. we have a problem to fix and leading these large emphasis with take interest-rate risks...
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Jun 2, 2014
06/14
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brazil has a huge infrastructure deficit, and this just in from sin negative impression that most brazilians have -- this just confirms of the negative impression that most brazilians have. >> what do you think is going to be the ugliest part exposed about result? >> i think what people fear is that precisely, you know, the day of games, there will be enormous traffic jams. hand here itout of it depends very much on the capacity of the police forces to do intelligent -- to deal intelligently with of those things. there is a sense in brazil, and apprehension. normally at this time, we would have brazilian flags all over the streets. you do not have that. it may happen as the games start. the mood may change and become much more favorable. >> i was talking with one brazilian who represents a major foreign firm, and they do investments and brazil. one of the things he said to me and amok, i am brazilian proud of my country, but i kind of hope that this all shows what a mess it is in brazil and perhaps something can be changed because of that. >> i think that is one type of opinion. you have may
brazil has a huge infrastructure deficit, and this just in from sin negative impression that most brazilians have -- this just confirms of the negative impression that most brazilians have. >> what do you think is going to be the ugliest part exposed about result? >> i think what people fear is that precisely, you know, the day of games, there will be enormous traffic jams. hand here itout of it depends very much on the capacity of the police forces to do intelligent -- to deal...
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May 6, 2014
05/14
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the trade deficit today affected by one of our important tectonic shifts, energy. narrowed, that is very important from gdp. qwest when you say tectonic shifts in energy, you're talking a majore u.s. becoming energy producer. qwest yes. we had a bad first quarter. i believe that is a mistake due to maybe some of the cold weather. i think that will be revised. it usually is. all the economic systems in the second order are positive right now, from manufacturing, retail sales. it all looks good and it almost looks like we are in a cycle of economic statistics, but not just in the u.s.. this is where i want you to be diversified. qwest hang on. scarlet will actually take a closer look at the scene in the global economy. set the scene for us. qwest the good news is there is no crisis. the developed markets are all growing, albeit modestly. the challenge there is to keep consumer prices rising. want more inflation. china posses the economy is slowing. but the government appears to be on track to meet a target of creating 10 million new jobs this year. by and large, the
the trade deficit today affected by one of our important tectonic shifts, energy. narrowed, that is very important from gdp. qwest when you say tectonic shifts in energy, you're talking a majore u.s. becoming energy producer. qwest yes. we had a bad first quarter. i believe that is a mistake due to maybe some of the cold weather. i think that will be revised. it usually is. all the economic systems in the second order are positive right now, from manufacturing, retail sales. it all looks good...
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Apr 14, 2014
04/14
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the company will delay the start of a phase three trial of the drug for people with post-strep deficits. the trial has been expected to start in the second quarter. company's announcing -- the companies are announcing a partnership. they will be available in two staples stores. the stores will let consumers and small businesses create her stylized products -- personalized products. >> herbalife is the subject of an fbi probe. by company has been accused bill ackman of being a pyramid scheme. it said it had no knowledge of the investigation. shares plunged late friday. they are coming back this morning. >> number one is a group -- citigroup reporting an unexpected increase in profits. they beat analyst estimates as they recouped money set aside for loan losses. from the trade to the call on this monday, i want to bring in chief market strategist at oppenheimer. his call is not to miss an opportunity. the opportunity may have come a month early. >> i think so. we see look at markets, people were expecting a pullback. we got one in january. we went up from that about 8%. now we have about
the company will delay the start of a phase three trial of the drug for people with post-strep deficits. the trial has been expected to start in the second quarter. company's announcing -- the companies are announcing a partnership. they will be available in two staples stores. the stores will let consumers and small businesses create her stylized products -- personalized products. >> herbalife is the subject of an fbi probe. by company has been accused bill ackman of being a pyramid...
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Sep 22, 2014
09/14
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. >> i think every successful person has a little bit of a tension -- as a little but of attention deficit disorder and want to keep doing things and have lots of things going on at the same time with lots of challenges. a lot of those people do things in the philanthropic world or the athletic world or the arts. successful people are driven. that will -- from the moment you get up to the moment you want to go back, -- you go to bed, you want to be overscheduled. there is no greater high. >> do you feel the carefully constructed culture you have would go away if you're not at the helm? >> no, i feel like a parent of a 35-year-old. it's up to them. you have raise your kids in the best thing for them to do is make their own decisions. they willse them well be happy. the important thing is not to do it my way. important thing is to know how to do it for them to get what they want. bloomberg,ase of it's not clear if the company had been there i would have been successful as we were in the last 12 years. >> how hard was it for you to release to them/ >> i'm sorry,. go ahead. >> i never looked t
. >> i think every successful person has a little bit of a tension -- as a little but of attention deficit disorder and want to keep doing things and have lots of things going on at the same time with lots of challenges. a lot of those people do things in the philanthropic world or the athletic world or the arts. successful people are driven. that will -- from the moment you get up to the moment you want to go back, -- you go to bed, you want to be overscheduled. there is no greater high....
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Nov 25, 2014
11/14
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lawmakers are discussing a package that would reduce the budget deficit with permanent tax breaks for businesses. record $35face a million fine for not telling safety regulators about injuries involving its cars. more than 1700 claims are at issue in the number of injury claims came up during the investigation of faulty airbags. we've got a story of insider trading that comes with the files of the at ei. and analyst at set itself told agence he made millions of dollars trading on information from an inside source at dell. need to be analyst nor the dell employee were sued or prosecuted. people familiar with the matter say authorities did not have evidence to charge the analyst and nine people who were convicted on insider trading tips. from ferguson, missouri, present obama responded as you just heard to the decision late last night. a statement from the white house urged peace and calm and peter cook has more on the white house reaction. the president had to choose his words carefully last night. stepe did, at every single of this entire story, since michael brown was killed back in
lawmakers are discussing a package that would reduce the budget deficit with permanent tax breaks for businesses. record $35face a million fine for not telling safety regulators about injuries involving its cars. more than 1700 claims are at issue in the number of injury claims came up during the investigation of faulty airbags. we've got a story of insider trading that comes with the files of the at ei. and analyst at set itself told agence he made millions of dollars trading on information...
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Nov 12, 2014
11/14
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probably let their fiscal policy relax a little bit, even if they don't officially approve of larger deficits. china has got to do something to keep their economy going. whether it is fiscal policy, infrastructure spending -- they have had a lot of problems as a result of credit. a lot of house price deflation going on. clear, there is also a 65% chance in the u.s. of a recession as well? >> if the global economy goes down, one piece will bring another. we think it will knock the other -- the switch will be a bigger export exposure than ever before . we also have a stock market that has more content than it did in years past. finally, we have a, i think, very large stock market playing out in consumer behavior he does of the share of household assets weative to household income, have the highest stock valuation except for a few quarters in late 99 or early 2000. >> david, thank you so much for joining us. the chairman of the jerome leavy forecast center. thank you also to pimm fox and scarlet fu. when it comes to winning forecast, ibm is getting more vague. what could this mean for big blue?
probably let their fiscal policy relax a little bit, even if they don't officially approve of larger deficits. china has got to do something to keep their economy going. whether it is fiscal policy, infrastructure spending -- they have had a lot of problems as a result of credit. a lot of house price deflation going on. clear, there is also a 65% chance in the u.s. of a recession as well? >> if the global economy goes down, one piece will bring another. we think it will knock the other --...
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Apr 2, 2014
04/14
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it shows a republican party that wants to eliminate the deficit by cutting social spending. democrats are looking to boost the safety nets. we are joined by scott rigell of virginia. great to have you back on the program. what did you think of this budget from paul ryan? >> i supported. there was a debate in whether we should bring one to the floor because we are under a two year agreement. i was convinced that the american people need to hear the alternative. markup.an all-day >> the democrats say this is just the same thing they have heard from republicans. it is inciting class warfare. >> is categorically false. says therent himself is a lack of follow through on his part. that is why i am proud of our conference. we put fax out -- facts out. the american people can handle the truth. they are ready for it. this is a debate that i want us to have. >> i would echo what he is saying and say that the best social program in the world is a good job. the obama administration has been pushing more temporary measures. it needs to be a bridge to a job. in ministrations has not had
it shows a republican party that wants to eliminate the deficit by cutting social spending. democrats are looking to boost the safety nets. we are joined by scott rigell of virginia. great to have you back on the program. what did you think of this budget from paul ryan? >> i supported. there was a debate in whether we should bring one to the floor because we are under a two year agreement. i was convinced that the american people need to hear the alternative. markup.an all-day >>...